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The Specification of Price in Studies of Consumer Demand under Block Price Scheduling: Additional Empirical Evidence

Paul E. Polzin

Land Economics, 1984, vol. 60, issue 3, 306-309

Abstract: Block-rate structures are used extensively in public-utility pricing, including residential electricity. Estimating price elasticities in this context is complicated by the resulting nonlinearity of the consumer's budget constraint. This article ...

Date: 1984
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